CarTrade Tech Ltd. (CARTRADE) AI Stock Analysis

• Market Cap: ₹110.87B
• Dividend Yield: N/A
• Average Volume (3M): 28.97K
• Price to Earnings (P/E): 71.2
• Beta (1Y): 0.57
• Revenue Growth: -8.98%
• EPS Growth: 390.09%
• Country: IN
• Employees: 1,010
• Sector: Services
• Sector Strength: N/A
• Industry: Auto - Dealerships
• EPS (TTM): 8.70
• Shares Outstanding: 47,494,083
• 10 Day Avg. Volume: 25,457
• 30 Day Avg. Volume: 28,969
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹2,349.50
• Price Target Upside: -0.03% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 74 Outperform
• Price Target: ₹2,311.00 ▼(-1.67% Downside)

CarTrade Tech Ltd. demonstrates strong financial performance with robust growth and stability, which significantly boosts its score. Technical indicators show positive momentum but caution is advised due to near-overbought signals. The high P/E ratio indicates overvaluation, impacting the overall score.

CarTrade Tech Ltd. Business Overview & Revenue Model

Company Description

CarTrade Tech Ltd. (CARTRADE) is a leading multi-channel auto platform in India, operating under various brands including CarTrade, CarWale, and BikeWale. The company provides a comprehensive suite of services encompassing the buying and selling of new and used vehicles, vehicle financing, and automotive content. CarTrade Tech serves a diverse clientele, including individual consumers, automotive dealers, and OEMs (Original Equipment Manufacturers), offering them an integrated platform to facilitate transactions in the automotive sector.

How the Company Makes Money

CarTrade Tech Ltd. generates revenue through multiple streams primarily centered around its digital automotive marketplace. The company earns money through listing fees from dealers and OEMs who showcase their inventory on CarTrade's platforms. Additionally, CarTrade charges transaction fees for successful vehicle sales facilitated through its platform. The company also provides advertising and marketing solutions to automotive dealers and OEMs, generating revenue from targeted advertising services. Furthermore, CarTrade Tech earns from value-added services like vehicle inspection, certification, and financing solutions, enhancing the overall customer experience on its platform. Strategic partnerships with banks and financial institutions also play a role in driving revenue through the facilitation of vehicle financing options.

CarTrade Tech Ltd. Financial Statement Overview

Summary

CarTrade Tech Ltd. presents a strong financial position with robust growth in revenue and profitability. The balance sheet is stable with low leverage and a high equity ratio, while cash flows ensure liquidity. There is room for optimizing asset utilization to enhance performance.

Income Statement

CarTrade Tech Ltd. has demonstrated strong revenue growth, with a significant increase from the previous year. The gross profit margin and net profit margin have improved, indicating better cost management and profitability. The EBIT and EBITDA margins also reflect positive trends, showing enhanced operational efficiency. Overall, the company has shown robust growth and profitability in the latest period.

Balance Sheet

The balance sheet remains strong with a healthy equity ratio, indicating a solid capitalization structure. The debt-to-equity ratio is low, suggesting conservative leverage use. The return on equity has improved, reflecting enhanced profitability for shareholders. Overall, the balance sheet reflects stability and prudent financial management, though there is room for optimizing asset utilization.

Cash Flow

CarTrade Tech Ltd. has shown excellent free cash flow growth, supported by strong operating cash flows. The operating cash flow to net income ratio indicates effective cash generation from operations. The free cash flow to net income ratio also supports a healthy cash position. Overall, the cash flow statements highlight strong liquidity and efficient cash management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.41B	6.41B	4.90B	3.64B	3.13B	2.50B
Gross Profit	4.41B	3.57B	2.41B	1.02B	1.62B	836.62M
EBITDA	2.01B	1.51B	1.46B	979.48M	-872.25M	715.87M
Net Income	1.35B	1.35B	143.03M	339.98M	-1.32B	924.99M
Balance Sheet
Total Assets	27.05B	27.05B	25.10B	23.43B	22.81B	19.30B
Cash, Cash Equivalents and Short-Term Investments	6.83B	6.83B	6.74B	10.27B	9.06B	6.54B
Total Debt	1.31B	1.31B	1.12B	864.28M	774.55M	545.51M
Total Liabilities	3.79B	3.79B	3.53B	2.21B	2.06B	1.68B
Stockholders Equity	22.21B	22.21B	20.70B	20.43B	19.79B	16.81B
Cash Flow
Free Cash Flow	0.00	1.66B	129.62M	411.05M	573.84M	297.60M
Operating Cash Flow	0.00	1.71B	158.73M	482.16M	631.57M	352.04M
Investing Cash Flow	0.00	-1.38B	-1.10B	-165.51M	-2.81B	-3.41B
Financing Cash Flow	0.00	-268.17M	-329.25M	-391.22M	2.29B	3.08B

CarTrade Tech Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2350.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CARTRADE, the sentiment is Positive. The current price of 2350.3 is above the 20-day moving average (MA) of 2071.01, above the 50-day MA of 1841.16, and above the 200-day MA of 1587.06, indicating a bullish trend. The MACD of 116.57 indicates Negative momentum. The RSI at 71.76 is Negative, neither overbought nor oversold. The STOCH value of 70.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:CARTRADE.

CarTrade Tech Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JUSTDIAL	80 Outperform	₹70.81B	11.75		―	7.68%	43.22%
CARTRADE	74 Outperform	₹110.87B	71.25		―	-8.98%	390.09%
WELENT	67 Neutral	₹61.73B	19.42		0.67%	14.32%	4.35%
TCI	63 Neutral	₹86.71B	20.30		0.88%	11.32%	20.27%
Sector *	63 Neutral	kr27.06B	8.15	-7.45%	3.62%	6.12%	-105.14%
IONEXCHANG	59 Neutral	₹64.61B	24.69		0.34%	12.99%	1.85%
MMTC	45 Neutral	₹92.96B	96.46		―	―	-53.64%

CarTrade Tech Ltd. Corporate Events

CarTrade Tech Ltd. Announces Q1 2025 Financial Results

CarTrade Tech Ltd. announced the approval of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, following a board meeting held on July 28, 2025. This development is significant for stakeholders as it provides insights into the company’s financial performance and operational standing in the market, reflecting its ongoing business activities and strategic positioning.

CarTrade Tech Reports Record Revenue and Profit Growth in Q1FY26

CarTrade Tech Limited reported a significant increase in its financial performance for the quarter ended June 30, 2025, with a 27% year-on-year revenue growth to ₹198.50 crores and a 106% increase in profit after tax to ₹47.06 crores. The company’s consumer group and remarketing business segments showed robust growth, while OLX India benefited from integration synergies. CarTrade Tech’s operational highlights include attracting 75 million average monthly unique visitors and expanding its physical presence to over 500 locations, reinforcing its strong brand equity and market position.

CarTrade Tech Ltd. Releases Q1 FY26 Financial Results

CarTrade Tech Ltd. has released an investor presentation detailing its unaudited financial results for the quarter ending June 30, 2025. This update, shared in compliance with SEBI regulations, is available on the company’s website and provides stakeholders with insights into the company’s financial performance, potentially impacting its market positioning and investor relations.

OLX India Unveils ‘Elite Buyer’ Program to Revolutionize Used Goods Commerce

OLX India, under CarTrade Tech Ltd., has launched the ‘Elite Buyer’ program to enhance the experience for its 180 million users. This initiative aims to streamline the buying and selling process of used goods by leveraging quick commerce and AI-assisted discovery, thereby fostering efficient and trustworthy transactions. The program is expected to strengthen OLX’s position in the digital commerce market by offering a more intelligent and user-focused platform.

OLX India Introduces ‘Elite Buyer’ Program to Revolutionize Used-Goods Market

OLX India, under CarTrade Tech Ltd., has launched the ‘Elite Buyer’ program to enhance the buying experience for its 180 million users. This initiative aims to streamline transactions through quick commerce and AI-assisted discovery, catering to the digital-first consumer. By improving efficiency and trust in buyer-seller interactions, the program is set to transform the used-goods market in India, reinforcing OLX’s position as a major player in the industry.